Course description
COSO Internal Control Certificate- The Recognized Standard for Internal Control Systems
This COSO Internal Control Certificate course, offered by the leading authority in internal auditing, The Institute of Internal Auditors (IIA), introduces participants to the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework, which is fundamental to the design, implementation, and maintenance of a successful internal control system.
This principles-based course, combining self-paced learning and live classroom training, encourages participants to think about the COSO Framework in terms of their own entities while covering a variety of topics including types of objectives, components of internal control, principles and points of focus, roles and responsibilities, and limitations of internal control.
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Who should attend?
This is an intermediate level course offered by The Institute of Internal Auditors (IIA) with no prerequisites. Participants are required to complete an interactive self-study element online, prior to attending the classroom session.
Training content
The outline for this course is as follows:
Overview of the Frameworks
- Identify key terms, definitions, and concepts of COSO’s Internal Control—Integrated Framework (Framework).
- Recall the relationship among objectives, components, and the entity’s structure in achieving an effective system of internal control.
- Recognize roles and responsibilities within an organization related to internal control.
- Recall the limitations of internal control.
Control Environment
- Recall key concepts included in the Framework related to the control environment component of internal control (including principles and points of focus).
- Apply the concepts of the Framework with regard to control environment to a variety of organizational examples in achieving operations, reporting, and compliance objectives.
Risk Assessment
- Recall key concepts included in the Framework related to the risk assessment component of internal control (including principles and points of focus).
- Apply the concepts of the Framework with regard to risk assessment to a variety of organizational examples in achieving operations, reporting, and compliance objectives.
Control Activities
- Recall key concepts included in the Framework related to the control activities component of internal control (including principles and points of focus).
- Apply the concepts of the Framework with regard to control activities to a variety of organizational examples in achieving operations, reporting, and compliance objectives.
Information and Communication
- Recall key concepts included in the Framework related to the information and communication component of internal control (including principles and points of focus).
- Apply the concepts of the Framework with regard to information and communication to a variety of organizational examples in achieving operations, reporting, and compliance objectives.
Monitoring Activities
- Recall key concepts included in the Framework related to the monitoring activities component of internal control (including principles and points of focus).
- Apply the concepts of the Framework with regard to monitoring activities to a variety of organizational examples in achieving operations, reporting, and compliance objectives
Costs
In order to ensure that you receive pricing best suited to your situation, please refer to IIA's website as well as to find out more about IIA's on-site training opportunities.
Certification / Credits
Certified Internal Auditors (CIAs) completing this course are eligible to receive 25.5 Continuing Professional Education (CPE) hours. Upon completion of the self-study course and in-person training elements, participants will be eligible to sit for the exam and earn their certificate.
The Institute of Internal Auditors- Training from the Auditing Industry's Leading Authority
The Institute of Internal Auditors (IIA) is the global voice and leading educator for the internal auditing profession, providing innovative internal audit training as well as engaging, facilitated learning opportunities for its members and customers. IIA auditing courses help you add value...